HAPPINET CORPORATION Stock Forecast
HAPPINET CORPORATION stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The HAPPINET CORPORATION stock price gained 2.41% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥2,949.00 to JP¥3,020.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.85% from a day low at JP¥2,980.00 to a day high of JP¥3,035.00. The price has been going up and down for this period, and there has been a 2.55% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately JP¥351.53 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.21% during the next 3 months and, with a 90% probability hold a price between JP¥2,715.05 and JP¥3,147.36 at the end of this 3-month period.
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7552.T Signals & Forecast
The HAPPINET CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,921.86 and JP¥3,004.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 6.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for HAPPINET CORPORATION stock
HAPPINET CORPORATION finds support from accumulated volume at JP¥2,900.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥55.00 (1.85%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: JP¥2,876.56 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (7552.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect HAPPINET CORPORATION to open at JP¥3,011.67, and during the day (based on 14 day Average True Range), to move between JP¥2,950.27 and JP¥3,089.73, which gives a possible trading interval of +/-JP¥69.73 (+/-2.31%) up or down from last closing price. If HAPPINET CORPORATION takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥3,075.00 (1.82%) than the support at JP¥2,900.00 (3.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is HAPPINET CORPORATION stock A Buy?
HAPPINET CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.296 Hold/Accumulate Upgraded
Predicted Opening Price for HAPPINET CORPORATION of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥3,011.67 ( 0.276%) | JP¥3,020.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7552.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,066.67 | 1.55 % | |
| R2 | 3,045.66 | 0.85 % | ||
| R1 | 3,032.68 | 0.420 % | ||
| Current price: | 3,020.00 | |||
| Support | S1 | 2,990.66 | -0.97 % | |
| S2 | 2,977.68 | -1.40 % | ||
| S3 | 2,956.67 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,185.00 | 5.46 % | |
| R2 | 3,115.00 | 3.15 % | ||
| R1 | 3,075.00 | 1.82 % | ||
| Current price | 3,020.00 | |||
| Support | S1 | 2,900.00 | -3.97% | |
| S2 | 2,862.00 | -5.23% | ||
| S3 | 2,839.00 | -5.99% |
7552 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥25.00 | 0.99% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.19% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 1.39% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 2.64% |
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